BMO Bank complaint: 2 week hold for a check deposited

Complaint from Adan Garcia reported on 20 February 2024 about BMO Bank

New complaint
Complaint pending
Complaint resolved
Complaint closed

My complaint:

On Thursday February 15th I entered a branch in downtown Los Angeles and deposited a couple checks from an employer that I separated employment with four days earlier.

The branch made no mention of any hold(s) being placed on my deposit.

Today is Tuesday the 20th and I still do not have any funds available and now have a negative account balance.

The Santa Monica branch told me that even though it has been 3 business days there is still a hold on my deposit and the hold will remain through the 27th.

I stated that this was unacceptable and requested that they call the backoffice to request a release on the deposit hold.

I have been sitting in the Santa Monica branch waiting area for over a hour and a half only to be told they cannot help.

Suggested solution:

Complete the transaction, give me my money, and terminate my account with BMO

Comments: 0
Rating:
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments